Union Select RuPay Credit Card – Benefits, Fees & Eligibility

Union Select RuPay Credit Card

Introduction

The Union Select RuPay Credit Card is a super-premium credit card offered by the Union Bank of India, designed to provide extensive shopping, insurance, and travel benefits. Positioned as a more advantageous option compared to the Union Platinum RuPay Credit Card, this card features a decent reward rate and exciting benefits across various categories. It comes with a zero joining fee and a modest renewal membership fee, making it an accessible choice for customers seeking comprehensive benefits.

Fees

• Joining Fee: Nil
• Renewal Fee: Rs. 499 + GST
• Spend-Based Waiver: The renewal fee is waived off on spending Rs. 50,000 in the previous year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3% on the conversion amount.
• Interest Rates: 2.95% per month (equivalent to 41.75% per annum).
• Fuel Surcharge: 1% fuel surcharge waiver on fuel transactions, capped at a maximum of Rs. 100 per month.
• Cash Advance Charges: 3% or Rs. 200, whichever is higher.

Rewards

• Best Suited For: Shopping.
• Reward Points: Earn 4 reward points on every Rs. 100 spent on the card.
• Cashback Offers:
  • Earn a maximum of Rs. 50 cashback per month on utility bill payments.
  • Earn a maximum of Rs. 50 cashback per month on a minimum transaction of Rs. 500 in your mobile wallet.
  • Earn a cashback of Rs. 25 on spending a minimum of Rs. 300 on IRCTC transactions.
• Travel Benefits:
  • Complimentary lounge program access.
  • Domestic Lounge Access: 4 complimentary domestic lounge accesses per year.
  • International Lounge Access: 4 complimentary international lounge accesses per year.
• Insurance Benefits:
  • Accidental air death cover up to Rs. 10 lakhs.
  • Other accidental death cover up to Rs. 8 lakhs.
  • Card lost protection cover up to Rs. 1,50,000.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on all fuel transactions, with the maximum waiver capped at Rs. 100 per month.
• Movies & Dining: While specific movie and dining benefits are not explicitly stated, reward points can be redeemed for movie tickets.
• Golf: No golf benefits are provided with this card.
• Milestone Benefits: This card does not offer any milestone benefits.

Rewards Redemption Guide

• You can redeem your accumulated reward points for various options, including movie tickets, bus tickets, air tickets, and gift vouchers.
• A minimum of 100 reward points needs to be accumulated to initiate a redemption.
• The value of 1 reward point is equivalent to Rs. 0.25.
• Reward points have a validity of 3 years from the date of accumulation.

Card Eligibility Criteria

• Age: The applicant's age should be a minimum of 21 years.
• Income: The applicant should either be salaried or self-employed with a stable source of income.
• Credit Score: The applicant should possess a decent credit score.

Card Eligibility Criteria

Documents Required

• Any valid government-approved identity and address proof.
• Copy of PAN Card.
• A passport-size photograph of the applicant.
• For salaried individuals: Latest 3 months’ salary slips or latest audited ITR as income proof.
• For self-employed individuals: Latest ITR as income proof.

Card Review

The Union Select RuPay Credit Card is positioned as a super-premium cashback credit card from Union Bank of India. It stands out with its travel perks, offering 4 complimentary domestic and international lounge accesses annually. Cardholders benefit from a competitive reward rate, earning 4 reward points on every Rs. 100 spent, and specific cashback offers on utility bills, mobile wallet transactions, and IRCTC spends. Its insurance coverage for accidental air death, other accidental death, and card loss adds significant value. This card is particularly beneficial for individuals who travel frequently, make regular utility and mobile wallet payments, and utilize IRCTC services. Compared to the Union Platinum RuPay Credit Card, it offers enhanced reward points and higher insurance benefits. While it lacks milestone and golf benefits, its overall package of travel, cashback, and insurance benefits, coupled with a zero joining fee and waiverable renewal fee, makes it a valuable choice for its target segment.

Important Product Details

• Comes with no joining fee.
• Earn 4 reward points on every Rs. 100 spent using this card.
• Earn cashback of Rs. 50 on payment of utility bills per month.
• Earn cashback of Rs. 50 per month on a minimum transaction of Rs. 500 in your mobile wallet.
• Earn cashback of Rs. 25 on a minimum transaction of Rs. 300 spent on the IRCTC website.
• Get 4 complimentary domestic lounge access annually.
• Get 4 complimentary international lounge access annually.
• Includes accidental air death cover up to Rs. 10 lakhs and other accidental death cover up to Rs. 8 lakhs.
• Features credit card lost protection cover up to Rs. 1,50,000.
• The value of 1 reward point is Rs. 0.25.
• Enjoy a 1% fuel surcharge waiver, capped at Rs. 100 per month.
• Renewal fee is waived off on spending Rs. 50,000 in the previous year.

Other Details

• How to Apply: You can apply for the Union Select RuPay Credit Card by visiting your nearest Union Bank branch and filling out the physical application form. Please ensure to carry all necessary documents. Currently, Union Bank does not provide an online application method for this card.
• Card Rating: 4.4/5